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shoppers, beware. you may get slapped with a new internet tax being handed down from capitol hill. that story, just ahead. >>> and later, giving new meaning to the term zombie economy. >> they see you as killers. they're training to attack. >> i'll tell you what, next time you see phillip, you tell him i'm going to take his other eye. >> the creator of "the walking dead," robert kirkman, attributes part of his show's success to the financial crisis. kirkman will join me later to explain. you're watching the "closing bell" on cnbc, first in business, worldwide. [ male announcer ] this is a reason to look twice. the stunning lexus es. get great values on your favorite lexus models during the command performance sales event. this is the pursuit of perfection. how do traders using technical analysis streamline their process? at fidelity, we do it by merging two tools into one. combining your customized charts with leading-edge analysis tools from recognia so you can quickly spot key trends and possible entry and exit points. we like this idea so much that we've applied for a patent. i
in the mine. the amazing thing is that although the central banks have been taxing myself deposits, giving negative interest rates and by a depreciating currency, like 26% depreciation in last 10 years, the ecb would come out so openly. that is the shocking thing. and of course, people should be very worried about what happened in argentina. they froze deposits and withdrawals so that this could spread. as we look at the united states and europe and the way that the politicians are running the show, it'd heading for disaster. as simpson-bowles said, it is a cancer. there is a time when bank deposits will be threatened if we continue even if the united states and europe -- people go to banks today thinking that it will be okay to. neil: that is a good point. not that it would be imminent or a near-term threat. but the fear is, here is a vulnerable little country where this is looking like a real fear. what about greece? what about portugal? >> i mean, this is western country. the last i heard is that europe is part of the west. >> what is your fear? >> my fear is that if things go awry in
and a member of the ways and means tax writing committee. if you would, starts by bringing us up-to-date on where the house is when it comes to the continuing resolution and the 2014 budget. guest: the continuing resolution which funds the government was passed out of the house a couple of weeks ago. the senate has been dealing with that. they passed it last evening. it is back in the house, and we will likely pass that today, which is good news because one of the things that we included was the spending reduction, the appropriate spending reduction so we can try to get this economy back on track. excitingt is an activity that is been on the house floor these past two days. we will likely pass that out of the house of representatives today. this is a budget by paul ryan that will allow us to get to balance. that means the government will stop sending more money than it takes in by the end of the decade, which is really exciting. what that allows us to do is to get the economy rolling, jobs being created and provide more certainty so young people coming out of college know there i
for medicare. or else i lose my provider, and i think that's a tax they are putting on people with -- bilities and trying to got to pay on their disability. and those with legionnaires disease or h.i.v., dirty needles. host: ray, atlanta, georgia, republican party. good morning. caller: good morning. very interesting conversation you're having this morning. i have found that most people pend a fairer amount of time planning for their vacation than for their retirement. i work with a fortune 10 company and have been with them for 28 years so at the water cooler hearing different conversations if you ask people how much money they have in their 401-k, a lot of them have no idea nor do they have any idea on the different plans to put their money in. it's rather appalling, actually. host: ray, how old are you? caller: 52. host: when do you plan to retire? caller: i'm going to work until i'm 62-63 years old. something about public america, i have a -- family members with retirement pensions about $65,000. being in corporate america my pension is nowhere near that, so if we don't save in our 401-k t
is not just a tax haven for russia, it is the tax haven for russian millionaires and billionaires. russia has invested $119 billion, that's with a "brks" in cyprus in 2011 alone. that's by far the largest recipient of russian investments in the world. equal amount of investment came back to russia from cyprus. funny how that works. russian investment is five times the total economic output for cyprus. russians account for $20 billion of total bank deposits or, tyler, as you mentioned, more than a third among the top russians in cyprus is the fert cider magnet now the biggest shareholder in the bank of cyprus. he has a lot of money in u.s. real estate as well. he brought donald trump's mansion and his daughter bout an apartment in sandy well. and alexander bought avraz steel. the mystery to me is why these wealthy russians kept so much money in cyprus when they knew the banks were in trouble. one reason is that there are fewer choices. if you look around the world, governments arie cracking down n tax evasion and money laundering. they're all complying with global capitalist. even with this 10
are losing due to this tax. >> hank smith, it is pretty extraordinary depositors have to pay for a bailout they didn't necessarily authorize. what do you think about what peter said? is this a recipe that would be used elsewhere in the world? >> i highly down it, maria. look, i think we should take great confidence in our banking system now compared to where we were four or five years ago. our banks are very healthy. t.a.r.p. was a good thing. it protected the financial system and the confidence in the financial system. and our banks are in great shape -- >> they're in the worst shape they've ever been. >> oh, no. >> they're a few interest rate hikes away from insolvency. that's why the fed is keeping rates at zero. >> wait a second. peter, you're saying the banks are a couple interest point ace way from insolvency? >> why to you think when the fed did the stress tests they didn't ask the banks to stress test a collapse in the bond market? they only looked at the stock market or maybe real estate. when interest rates rise substantially, the major banks are going to fail. their balance shee
think we need to regulate, tax and legalize marijuana so the -- that's a huge reason, that's a -- i hi we immediate to -- legalize it, tax it, regulate it. >> this idea about useful but overused. i want to explore that idea. because i think that's been the -- that's sort of the line for a lot of people, christine quinn, said that before. previous communications. called it a useful tactic. should we just ban the tactic? should people not get stopped and frisked? >> i disagree. it is -- policing tactic that's been wildly overused. obviously in many cases using it in unconstitutional manner. look, now you need the reform, the approach, and we need a new police commissioner. this is the difference i have certainly with christine quinn who wants to keep ray kelly, ray kelly has been the architect of the overuse and stop and frisk. we need inspector general. when we have had in new york city, think about magnitude here. hundreds of thousands of more stops a year. there was never a vote on that. never a public debate. >> comes back to, again, the need for a new mayor. and a mayor who understa
will have to come along with tax increases. this deal still hurts. >> i do not think there is any denying that the cyprus people will have to go through tough times and will suffer the consequences. we had to adjust over relatively a short period of time. rich: now the question is what does this mean for the rest of the euro zone? this, the bailout should be a template for the rest of europe and banks should be reduced. back to you. connell: rich edson lives in cyprus. trading halted in some of those italian banking stocks also added the comments in terms of a template. time to bring in axel merck. your thoughts? >> good morning. when someone screams fire, you do not want to shut the accident. halting stocks, i do not think, is helpful at all. i think it is rather responsible. the question is what will happen. obviously, investors are taking action. connell: you just look at the big board here in the united states and the green at the beginning of the day has now turned red. european markets losing some steam. you talk about the italian banks and how it would not be a good idea to halt th
that gets me more charged up what they did with taxes and incremental other stuff they've added in. and closed the banks down and we did that in the depression, by the way. they've added a whole bunch of other-- we're already paying, if you don't think we're at the point in the united states where we'll have withholding on capital gains, proposed. it's hittings rightnow. >> brenda: john, what do you think? >> i disagree with kicking the can, but i agree with gary and toby we're fine right now and your money is safe in american banks for now. you can't keep interest rates low for a long time. look what the pain has done, a not of internal savings has something to do with that and we can keep passing the buck on our debt further down the road. eventually we'll have to come to grips with that, but it's going to be a long ways out. >> brenda: really that long, jonas? >> i wouldn't say we're up-- first of all, you probably have some of your money in foreign funds and 401(k)'s, and this is dragging on emerging markets, the russian markets, it's exposed and down a lot relatively thinking.
in the entitlement programs and have you debunk them one by one. the first lie the payroll tax hike is killing the retail economy. that is false there? >> well, there are a couple of things false there. first of all there is no payroll tax hike. what happened on january first was that the payroll tax rate was restored to what it was two or three years ago. let's not forget what we're bound to forget at one point or another that we reduced the payroll tax on employees by 2 percentage points as a way of producing relief in these economic hard times for americans. so it was really an economic relief program not a cut in social security tax. and i think what is it really at work here is that critics of social security are the enemies of social security want to paint the program as though it's too expensive for america to sustain. that's really--that is really a lie because in fact social security benefits in this country are far--they're paul trypaltrycompared to what other countries have. >> cenk: that leads to lie number two entitlement benefits for millionaires and billionaires is a huge proble
as democrats went on record favoring almost $1 trillion in tax increases. little talk about that a later on in the program. for the first 45 minutes of this edition of the washington journal, we are going to be talking about the affordable care act. thirdebrates its anniversary today. it is known as obamacare. we want to find out your thoughts about the affordable care act three years and. here are the numbers, if you want to give us a call -- reach out to also us by social media. you can follow us on twitter, we you canacebook, and send us an e-mail. the address is journal@c- span.org. thatis one of the items came from yesterday's express, the washington post express. the headline -- want to show you and let you listen in to what the president had to say the signing of the affordable care act three years ago, and then we will get to your calls. [video clip] >> it was your work, your commitment come a your unyielding hope that made the surgery possible. when special interests deployed an army of lobbyists, negative ads to preserve the status quo, you did not give up. you hit the phones a
this morning, the first in four years and this 2014 plan calls for a trillion dollars in tax increases over the next decade. no republicans voted for that bill and four democrats voted against it and goes to the house where it's expected to be shot down. senators recently voted on a proposal passed by the republican-controlled house. they are under orders to trim hundreds of millions from their budget so the federal aviation administration plans to close 149 air traffic control facilities at smaller airports across the country forcing pilots to coordinate takeoffs and landings themselves over shared free kwnssy. they're treming for the rest of this fiscal year. i'm jamie colby, now, back to bulls and bears here on the fox news channel. have a great day. >> brenda: get weighed or be prepared to pay. a pharmacy giant. cvs is requiring employees to have their vitals checked. including their weight f they don't they may have to cough up $600 a year for health insurance. john, you say the so cost saving plan is going too far. >> this isn't hooters, girls have to look good in shorts serving wings
. thank god. >> irs. >> jesus loves tax collectors. that is why he accepted the hospitality of tax collectors. they called them publicans. >> if only the border patrol were as feared and effective. >> hispanic america. >> winnable. >> democrats, and gracias. >> chinese cyber attacks. >> democrats, and gracias. >> chinese cyber attacks. >> how can people be so stupid and not know why there are 6000 dead pigs floating through their river? how does that work? >> i would say more threatening than anything happening in the middle east. sorry. >> putin. >> evil, yet hilarious. [laughter] >> bush called him pooty poot. which is embarrassing. he is evil, but -- you have not seen the pictures. >> nra. >> does not represent most gun owners like me who are for president's obama's gun regulations. you have to deal with the reality. >> the only organization working to protect the constitutional right that "the new york times" hates. >> sequester. >> y2k of politics. it came and went, and no one noticed. >> it hasn't gone, and it is so incredibly dumb and it will hurt this country. a totally sel
cut taxes everybody and eventually replace medicare with a voucher plan, cut medicaid by over $700 billion in 10 years. do the democrats have a better idea, mark? >> the democrats have a better idea by basically not letting anything compete in the spotlight with paul ryan's. numbersho looks at believe that you can cut the deficit in 10 years while simultaneously increasing defense spending and cutting 35 to 28, as from mitt romney proposed, but 39 to 25%. it is just a pipe dream. >> are we ever going to settle this thing, lois? >> and then we might. i think the charm offensive is working a little bit. mitch mcconnell is speaking well of the president in saying that we have useful meetings. his biggest problem might end up being the democrats, trying to move them through some sort of entitlement reform. >> evan? >> maybe obama has got some secret plans to, but i don't see it. this is too little too late. if he was serious about a grand bargain he would have started in november. instead, he behaved like a political hack for months, and then his polls go down and he says, okay, i gues
gas. the parliament of cyprus voted to reject a bill that would tax bank deposits in order to qualify for an international bailout package. to receive $13 billion from the e.u. and the international monetary fund, cyprus has to raise $7.5 billion on its own. but taxing people's bank accounts proved unpopular, even when the provision was added to shield small savers. banks across cyprus will remain closed until thursday to avoid a run on cash. uncertainty about the cyprus situation set markets around the world and on wall street on edge. the dow jones industrial average gained more than three points to close above 14,455. the nasdaq fell eight points to close at 3229. seven u.s. marines were killed after a mortar unexpectedly exploded during a training exercise in western nevada. military officials said that prompted the pentagon to halt the use of the mortar worldwide until an investigation can be completed. the accident happened last night at the hawthorne army depot. the marines who were killed were based at camp lejeune in north carolina. seven other marines and sailors were injure
to be. >> entitlement -- do you know why jesus was killed by the romans? it was about taxes. >> do you read the fox news version of the bible? ♪ >> we begin with the president in israel and historic trip marking the first time he's visited that country as president of the united states. touching down on the bright skies in tel aviv this morning the president was greet with a red carpet and all the ceremonial trappings of a state visit. joking with israeli prime minister benjamin netanyahu that it was good to get away from congress the president reaffirmed what he called the unbreakable bond between the two nations. a sentiment that was roundly reciprocated. >> the people of islam welcome you with open heart. we deeply appreciate your friendship and we share your hope that the middle east will enjoy a future freedom, prosperity, and peace. >> i'm confident in declaring that our alliance is eternal. it is forever. >> and while relations between the president and prime minister have been described as tense, to say the least, on this trip the two appeared down right chummy. at this after
balances the budget in ten years, but with huge spending cuts and even tax cuts as well. and on the senate side, democrats raise taxes by a trillion dollars, cut spending by about the same, don't balance the budget in the near future. ultimately this doesn't have to become law, these are blueprints, but ultimately if there's any chance at dealing with the debt and deficit, these two, very different philosophies and visions. >> early april, the president comes up with his budget recommendation. a lot of people are hoping all of this will eventually result in the grand bargain, a real deal looking down the road, everyone on board basically. a deal that would avoid, for example, having to worry about raising the debt ceiling end of july, early august. is that at all doable? >> it is possible. i wouldn't go as far as saying doable now. but what i will say, the difference in approach now versus say two years ago when they tried this and it failed and it was, you know, almost the end of the world as the u.s. bumped up against the debt ceiling, the difference is they are going through what we cal
, e-file and you can even chat with a tax expert. get the federal free edition at turbotax.com. hello ladies. how's "book club"? it must be hard to discuss literature with your mouths full of my kraft mac & cheese. ♪ i've got a book for you. it's called: "a mother's betrayal!" by timothy j. koehler. ♪ it's an autobiography. [ male announcer ] gooey creamy delicious kraft macaroni & cheese. ♪ you know you love it. ♪ all right that's a fifth-floor probleok.. not in my house! ha ha ha! ha ha ha! no no no! not today! ha ha ha! ha ha ha! jimmy how happy are folks who save hundreds of dollars switching to geico? happier than dikembe mutumbo blocking a shot. get happy. get geico. fifteen minutes could save you fifteen percent or more. feel like you're growing older... waiting to look younger? don't wait. [ female announcer ] get younger looking skin fast. with new olay regenerist micro-sculpting cream. the next generation with 2 new anti-aging ingredients. it penetrates rapidly. visible wrinkle results start day 1. and you'll see younger looking skin before you even finish one jar.
tax on the large depositors which would lead to a tax of around 15% or 16%. or they can basically restructure their two bad banks. it would be very simple to do that. what would happen is the banks would write off all their equity, write-off their senior debt, write-off their dpovt subordinated debt. and then the large depositors would president owners of the new bank and convert. >> narrator: between 50% and 30% of their new depositors in the banks. >> could they say we don't want to do anything of those? >> certainly they can choose to do that. i don't think that's necessary. basically, if they do nothing, and the ecb carries through with its policy of cutting off liquidity on monday, they will have no choice but to restructure the two banks. >> are you surprised to see lines forming? >> no. depositors are frightened for their money. they've been told there's a high likelihood of the banks closing and staying closed for a period of time. in fact, the lines are not as long as i would have expected them. >> wow. interesting 30i7b9. i had a discussion with simon hobbs, my colleague
to collect sales tax from all out of state internet retailers will take place in the senate today. inevitably, it has a lot of support from the big box retailers in particular. let's bring in john harwood who is live from d.c. though this may just be a symbolic vote, weir to are told john. >> symbolic, but not meaningl s meaningless. it's a spring training of sorts to test opinion within congress on various causes. we saw a vote yesterday on the budget resolution, on the repeal of a medical device tax that was included to help finance the national health care law in the early part of the obama administration. the reason it's spring training is that budget resolutions themselves are not lost. so these are not binding votes, but they're a way to test sent ims for what they make later on and that's what we're seeing on the online sales tax situation. 48 states already have laws on the books requiring online retailers to collect state sales tax, but those laws are often ignored and you have a bill that has some bipartisan support that would require all states to collect those taxes. if split, th
of that whole business, in terms of taxing depositors, and we know that we continue to have issues in terms of the debt crisis. we are not, necessarily, seeing solutions there. >> i think you see -- if that fear were true, you would see it reflected in the peripheral european countries. i think they mark scyprus as a special case. >> mark, how are you investing at this point? you've got $54 million under management there. you've been bullish. do you want to put new money to work here, even though the market is up 10% year-to-date? >> short answer, yes, maria. the fact of the matter is, we think the fundamental underpinnings, particularly domestically, continue to be encouraging, and we're encouraging investors as a result of some of the volatility we've had in non-u.s. equity markets, to begin the scale-in there as well, because we think valuations are even more attractive. but i do think this cypresicyprg could be a big deal. the precedent it could set relative to marketdowns of small account deposits in other peripheral countries, particularly spain and italy. and the last thing we need t
the terms of the cypress bailout could send europe into another financial crisis. it calls for a tax on every bank account in cypress. the euro hit its lowest level this year. >>> europe's largest bank wants to get leern and meern. it is part of strategy to make it more profitable. more than 40,000 employees and 50 branchs in the u.s. >>> this week, the postal service be told to keep on delivering on saturday. it says it can save $2 billion by cutting saturday delivery. >>> we're told that tourism to an unlikely spot is booming. north korea is a military dictatorship with constant surveillance that spends more money on rockets and weapons than its own people. a tour company expects five times as many tourist this is year as it did four years ago, when tourism wiz first aloud. that's only a total of 500. >> 500 people. >>> oz great and powerful. magic again at the box thaufs week. the film, like abc news, is part of disney. making it the biggest hit this year. took in $42 million. the call connected for 17 million. the invebl burt wonderstone was less than credible. my daughter, not m
's about control. >> these people rarely collect welfare they go on and pay taxes. >> i don't know where you are getting your data? the cost of i llegal immigratio is $113 billion a year in three yars. these were just federal costs healthcare, education and incarceration. >> these are the down costs. you are not including the up costs of them paying taxes and inventing things and starting google. >> here we are with libertarians and the focal point of libertarianism is small government. count me in but check your thinking. the fact is the overwhelming majority of 12 million illegal aliens are poorly skilled. >> how many of you are not in the united states? quite a few. how many would like to come here and become citizens some day? fewer. just a couple actually. you want to keep them out. >> we all succeed when immigrants succeed. we have b-- here's what we need to do. do we want skilled immigration? you bet we do. what we need is less immigration and the immigration we do have should be skilled immigration. >> less than 1 and a half million is just half of a percent. >> should be the kwi
for seven. wait a minute, a have a 3% mortgage after the tax deduction feel like more of a bridge. liz: how do we implement this? how do we say to the lobbyists. this will become what 2 has become, five years done? somebody has to compromise. >> everyone wants to do not in my backyard. it has to be part of a grand plan. part of a total revenue package and expense cutting package, right? if we're able to accomplish that, implementation is relatively easy. first thing i rather keep mortgage deduction. we all would. because we see tangible benefit. only if they are going to tippinger with it. don't eliminate it. look for ways to generate revenue, activity through the economic revenue and still give people a benefit especially first-time home buyer. liz: they say a solution that gets everybody upset is the best solution. >> probably. liz: it would annoy the mortgage industry. it would annoy homeowners who want it. would annoy the government because they want it eliminated. maybe it is a good idea. get your prediction on mortgage rates coming up. they have been historically low. >> they have sta
of people worry at night. believe me, they're not sitting there saying, geez, let's have more tax breaks for the wealthy and more loopholes to corporates. >> that's where your party stands. >> we have fought that battle and it's a mistake. we've got to get back to talking to middle income people about how they can reach the american dream. that's why we lost pennsylvania and ohio, wisconsin, michigan. we've got to get back to having people feel like we understand their lives. we're not about just tax breaks for the wealthy. >> do you think -- i like your values here, by the way. i'd like to see your party really compete. democratic party offers pell grants, opportunities for working class kids to go to college, social security for people over 65 so they can avoid being below the poverty line. what has your party put up in that bidding war? what do you offer for those regular people? >> not enough. i'll give you way of example. we like to say that we're the pro life party. we're really not. we're the pro birth party. >> it's in your platform. >> we fight for the unborn. >> john, it's righ
. the senate to pass a budget. they have forced spending cuts. they are not moving on tax increases and the president has become forced to try to deal with republicans now soe they can come to some consensus how to move forward. that is why you see republicans moving up. they are showing leadership while the president was showing a permanent campaign basis. >> heather: i want to talk about the likeability factor of president obama. he is on this charm offensive. do you think that perhaps he is seeing the numbers that have been recently released the pew research center talking about his overall likeability. 47% of americans say they approve of president obama that is down four points from last month and 8 points since last december. i know you said, julie, that is not abnormal, that does happen during a second term. they go up and all of a sudden they go down but president obama's numbers have dropped more steeply than his predecessor. what do you make of that? >> look, people are fed up with what is going on in washington. when they voted, they said, look we'll resolve a lot of thin
in congress especially in the senate. they did rise above a lot of the special interests with tax reform and fixing the social security system. they managed to survive re-election. if you take principled positions, stand up for them, explain them to your constituents, you know, maybe they'll raise more money by refusing the wall street guys and going to the main street constituents who vote for them. i think at the end of the day they'll sleep better at night t too. >> that's all the more reason to read "bull by the horns." sheila bear, thank you very much for what you're doing and for being with me today. >> thanks for having me. ♪ >>> it's not only our banking system that remains questionable and shaky, it's the whole of our economy, that complex mix master of capital and labor, prices and production, goods and services, rewards and punishments, largely driven by private decisions in what has been defined, mythologically, as "the free market." capitalism t, it turns out, is a capital idea if you have the capital. which brings us back to richard wolf. i say "back" because as many of y
people. you couldn't tax them enough because it's a very small place. they had to go after the banking system because it was so, so huge. we'll keep you updated. back to you. >> michelle caruso-cabrera reporting from nicosia today. >>> josh lipton with a market flash. >> hey there, tyler. check out apple which is moving higher here. i spoke to scott redler of t3 live who is long the stock. he said people have been getting antsy that an announcement on a dividend or buyback is coming. he also adds that technically the stock has been acting better. we had an initial move higher last week, held higher, digested those gains. now looks back in motion. traders want to see if we can take back 462, which is the 50-day, haven't been above that since october. if we can, then that would be constructive. apple up about 1.1% right now. tyler, back to you. >> thank you. >>> on the homefront, sales of existing homes now at their highest level in more than three years. mortgage rates remain near historic lows. they're a little higher than the most recent couple weeks. home prices moving up. diane dian
citizen pay a tax on their bank deposits whether they wanted to or not. they would take that from the savings accounts. this is the first time we've seen a eurozone bailout structured in such a way. if it passes. if it doesn't, cypress says it will grow bankrupt. right now minimal effects on our markets here at home. but the dow is trading lower. here is background on cypress. it is at the eastern end. mediterranean sea, 30 miles south of turkey. you see it on the map. it is a very small country, smaller than the state of hawaii. its population of a little more than a million people is roughly the city of dallas. its gross domestic product of $23.6 billion is about the same as the state of vermont. there will be a quiz on all of this later. charles payne, fox business network around ceo of w street.com. charles, a little country. why such a big deal? >> it is such a big deal for several reasons. first of all we know greece is small country, not as small as cypress but these things have a ripple effect. also the draconian nature of this. everyone watching this thinks their saving a
taxes to accommodate to the sequester cuts. do you have any plans for these cuts. >> i wish i could say things are going to be okay. americans are socialized in thinking there is frank capra capra-istic ending and the mean 'ol banker will see the errors of his ways and the town will pitch in. the fact of the matter is the only serious outcome of these cuts is more mass suffering from low income people. organizations like mine couldn't possibly think of compensating for this. look, every charitable meal distributed in america equals 1/ 1/20 of the meals funded by the government. we have a domestic peace corp program. we just learned that our program is going to be shut down in new york city over the next few months because the sequestration. we're hoping that there will be future funding down the line but right now soup kitchens and food pantries that were expecting to help and young people who were hoping to serve in their community are out of luck. that's the reality of what is happening today. the truth is with the exception of current tv and a few other outlets the media has basical
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or is it hedge funds? is it going to be vaccines for children or is it going to be tax breaks for wealthy insurance companies? and i think that americans are not, you know, they're for balancing the budget, perhaps, but they're not for cutting programs that are really going to help the middle class and those who aspire to it. >> it will be interesting to see. balancing the budget is so popular with all the focus groups. but you're attempting to show what it really would mean literally. congressman jan schakowsky, thank you for joining us. >> thank you. >> up next, chuck joins us again from jerusalem for a deep dive into the millions of dollars the u.s. is spending on israel's state of the art air defense system. >> reporter: i'm not sure how many rockets are being fired now. but the iron dome one, two, three, 4 iron dome rockets are exploding. >>> nbc's resident iron dome expert and probably the best script writer at the network, martin fletcher will join chuck. [ female announcer ] birdhouse plans. nacho pans. glass on floors. daily chores. for the little mishaps you feel use neosporin t
. what's your plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. it shows. we don't run like that. we build john deere equipment the way we always have: the right way. times change. our principles don't. you don't just have our word on it. you've got our name on it. that's how we run. nothing runs like a deere. discover the full line of riding lawn equipment at johndeere.com/howwerun or your local dealer. >>> a quick clarification. we said earlier senator murray was opposed to dianne feinstein's bill to ban assault weapons. we'll update this. it's an important debate. millions of users worldwide, blackberry is giving apple and samsung a run for their money. now it's hoping to take a bigger slice out of the smartphone market with the release of their new device, the z-10. welcome to you. i'm a wel
rescuing cyprus from bankruptcy and collapse of its banking system. the controversial plans tax bank deposits will be scrapped. the deal would shut down the second largest bank. >>> secretary of state john kerry delivering a warning to iraqi leaders during a surprise weekend stop in baghdad. the u.s. wants iraq to stop letting iran use airspace for flights to syria. officials believe the flights are carrying weapons to the syrian government. iran says flights are bringing humanitarian supplies to syria. >>> new developments in the murder of colorado's top corrections officer. abc news learned prisons in the state have been on lockdown because of fears there could be more attacks. and it all appears to be linked to a white supremacist group. >> reporter: the motive for the murder of tom clements may have been revenge for breaking up a prison gang. clements concerned about the rise of a white supremacist group, 211 crew, sent its leaders to another prison trying to diminish their power base. evan ebel just paroled in january was a member of 211 crew. law enforcement yet to confirm the
look forward to getting the best balance and position for tax taxpayers as well as security. >> getting a lot of areas, you'll have mentioned the criminal network. i was interested. how organized and unified is it? is a criminal network? this is reminding me of the old james bond books where there was this criminal network in the 70s, they had a boss and a set of underlings and a structure. it is that we are dealing with? are we dealing with a bunch of random bad guys? >> it is somewhere in the middle. large cartels operate in a variety of different ways. senator, this is the dark side of globalization. we live in a world where there is connection and the ability to move them the best we can. that there will be entities, individuals, midsize groups, and they cartels that take advantage of this. if you think of the global economy as being about $60 trillion, some estimates are that are about 10% of the global economy. it is invested, if you will, in narcotics, human smuggling, cybercrime being the largest of all these areas, as well as the other things we have talked about. arms and cash
will cost more chases will be taken away from us and that taxes will go higher, and even beyond that, that these too regulations will cost jobs. it's all par of a very orchestrated well-funded scare campaign. hal: when you look up, when you google repeal obamacare, for example, the paid sponsors that come up at the top the first one is the heritage foundation. the petition to repeal obamacare by the heritage foundation. the washington post, the most recent one, lots of americans still want to repeal obamacare. that's the title of the story. lots of americans still want to repeal obamacare. ok. it's hilarious. the chart they have, and it's 35%, this is the lots. how many self-identified republicans do you think there are in this country? somewhere between 32% and 35% of the electorate. that has not changed for all practical purposes. people now identify themselves as independents because of the iraq war even though they vote for republicans every time, for bush twice voted against obama because of things like this, they still identify them. you're going to find go across the board wom
down. what's your plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. starts with freshly-made pasta, and 100% real cheddar cheese. but what makes stouffer's mac n' cheese best of all. that moment you enjoy it at home. stouffer's. made with care for you or your family. >>> just one day into march madness and brackets are busted everywhere. thanks to the mighty crimson of harvard beating new mexico. andy scholes joins us now with the beacher report. hey, andy. >> good morning, guys. i'm in the same boat as everyone else who picked new mexico to beat harvard. this was such a big upset that president obama, who went to harvard, even picked new mexico to lose this game in his bracket. but this is a perfect example of why it's called march madness. the crimson knocked down threes all game and
't need any taxes. >> there you go. yeah. >> talk ourselves into a circle. >> from the basketball court to the courtroom. the athletic star relieved after a big legal decision. >> later, wild animals, tamed, as pets. foxes, maybe? what do you think? are they worthwhile companions? how much would you pay for one? you are watching "world news now". ♪ "world news now" weather brought to you by lyme away turbo power. using that cleaner.od luck excuse me, miss ? he's right. those are tough hard water stains, and that cleaner's not gonna cut it. truth is, 85% of us have hard water and many don't even know it. you need lime-a-way. lime-a-way is specially formulated to conquer hard water stains. it's 4 times more effective at removing lime scale than the leading bathroom cleaner. see the lime-a-way difference or your money back. [ female announcer ] stress sweat is different than ordinary sweat. it smells worse. get 4x the protection against stress sweat. introducing new secret clinical strength stress response scent. get 4x the protection against stress sweat. given way to sleeping. tossing
to keep my costs down. what's your plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. takes up proposition 8 which bans same-sex marriage in california. both sides coming out in full force right now, including one very passionate 12-year-old boy. >> daniel and his 8-year-old sister were adopted by two gay dads. when he heard chief justice roberts is the father of two adopted children, he wrote him a letter, urging him to support same-sex marriage. listen to daniel read part of the letter. >> you and i both know that family is deeper than blood. i was lucky to be adopted by two guys that i can call both dad. they give us so much love. my dad jay works as a deputy sheriff and my dad ryan stays home and takes care of me and my sister. my dads really encourage me to excel in life. >> and daniel and rya
of money are the banks, the departs of the they said we think you should tax departs. imposing austerity is not going to work here, there's only a million people. this country sdwaedoesn't want this because they're a business model. their business model is to attract deposits here. they pay 4% and 5%. so that's the big fight, how do they come up with that 5.8 billion. they may have to shut down banks. that's why you're seeing lines at the atm. >> so how does this resolve itself over the next week? >> reporter: so the banks are going to be closed at least until tuesday. that's the deadline that the european central bank has said to cyprus you better come up with the deal or else we're going to cut off your banks. that means they're not going to fly in cash like they have been doing, they're not going to provide liquidity. if you don't know what that means, it's very simple. the weak banks will fail, they'll get shut down and people will lose a lot of money. that's probably how it's going to end up happening in some form or fashion. the weirdest possible outlier is that cyprus says, you kn
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